Saturday, March 14, 2015

#Daily #Current #Affairs

RBI, Sri Lankan central bank agree on $1.5 billion currency swap deal

Reserve Bank of India has agreed for a $1.5 billion currency swap agreement with the Sri Lankan central bank to help the island nation keep its currency stable, At the current valuation, one Indian rupee is equivalent to 2.12 Sri Lankan Rupee. It has lost almost three per cent value in comparison to the Indian rupee so far in 2015.